Skip to content

Dubai Travel News

Travel & Tourism News of Dubai and rest of UAE

Menu
  • About
  • Advertise Here
  • Business Directory
    • List Your Company
  • Contact
  • Currency Rates
  • Privacy Policy
  • UAE Cards
Menu

HH Sheikh Mohammed bin Rashid approves formation of Dubai International Arbitration Centre

Posted on November 8, 2021

DUBAI, 7th November 2021  – His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, approved a decree on Sunday forming the Board of Directors of the Dubai International Arbitration Centre (DIAC), directing them to establish Dubai as a leading global centre for alternative dispute resolution as per the highest standards of efficiency and transparency.

Under the Decree, the Board will be chaired by Dr. Tarik Humaid Al Tayer, and Dr. Ahmed Saeed Al Suwaidi will be the Vice Chairman.

Other members of the Board include Ahmed Saeed Belyouha, Ahmed Mohammed Al Rasheed, Jehad Abdulrazzaq Kazim, Abdulaziz Mohammed Al Marri, and Graham Kenneth Lovett.

Sheikh Mohammed directed the newly formed Board to develop the Centre into one of the world’s top five arbitration centres in the next three years, and ensure it maintains the highest standards of efficiency and transparency.

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said the Decree will contribute to further enhancing Dubai’s growth-friendly environment and competitiveness.

“Dubai is seeking to further improve its business and investment environment and raise its attractiveness as part of the effort to strengthen the city’s status as a global commercial hub and accelerate its economic momentum,” he said.

“The Centre seeks to transform itself into a preferred centre for resolution of disputes for businesses both locally and internationally,” he added.

Last month, Sheikh Mohammed issued a Decree dissolving the Emirates Maritime Arbitration Centre and the Dubai International Financial Centre Arbitration Institute and merged their operations and assets into DIAC, an autonomous non-profit institution that provides regional and international businesses with arbitration services.

DIAC’s major objectives include establishing Dubai as a leading global centre for alternative dispute resolution, promoting alternative dispute resolution mechanisms and serving the emirate’s financial and business community.

Launched in 2004, DIAC is the largest arbitration centre in the Middle East. Since 2007, the Centre has handled 2,500 cases. The Centre was named as one of the top ten centers in the world by the International Arbitration Survey conducted jointly by law firm White & Case and Queen Mary University of London.

Share this:

  • Twitter
  • Facebook

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • FitsAir increases flights adds more choices for Colombo Dubai
  • The 40th Nights of Ramadan provides 17 days of enjoyable and fulfilling Ramadan activities.
  • UAE Council for AI and blockchain discusses the adoption of AI technologies in developing digital services
  • INDEX Dubai 2023
  • Ciel Tower World’s tallest hotel to open in Dubai 2024
  • Museum of the Future’s ‘Future Talks’ discusses human colonisation of the Milky Way
  • UAE’s official Golden Jubilee celebrations to be in Hatta
  • HH Sheikh Mohammed bin Rashid approves formation of Dubai International Arbitration Centre
  • Lockheed Martin to showcase 21st century security solutions at Dubai Airshow
  • Sheikh Mohammed issues decision to merge Dubai Economy and Dubai Tourism

Advertisement

Our Sections of site

  • Amari Hotel Reservations Amari Hotels reservations
  • Brunei Travel & Culture Services Tours and hotel reservations Brunei Daressalam
  • Dubai Desert Safari Desert Safaris in Dubai
  • Exotic Dubai Tours Dubai tours safaris and hotel reservations
  • Guluna News
  • Kar group Dubai
  • Nawab Zippers Zippers Buttons and pullers for leaather garments in Pakistan
  • Qatar Tours Doha Tours, desert safaris and hotels.
  • Sri Lanka Travel & Culture Tours to Sri Lanka
  • Taj Mahal Hotel Reservations Taj Hotel reservation service

Partners

  • Biomed Articles Medical articles
  • Exotic Italy Tours Italy Tours
  • Hunza Tours and Treks Hunza Vally tours and hotels
  • London Pass London Pass web site online purchase
  • Tanzania Tours & Safaris Tanzania Travel
  • Travel & Culture Services Travel & Culture Pakistan

Subscribe our feed

Subscribe in a reader

Pages

  • About
  • Advertise Here
  • Business Directory
    • List Your Company
  • Contact
  • Currency Rates
  • Privacy Policy
  • UAE Cards

Categories

  • Abu Dhabi Events (131)
  • Duabi Property Deals (1)
  • Dubai Books (342)
  • Dubai Events (67)
  • Dubai Hotels Special Offers (20)
  • Dubai News (144)
  • Dubai Tours (19)
  • Dubai Videos (1)
  • Events/Conferences (15)
  • featured (26)
  • General (472)
  • International News (11)
  • New Hotels in ABu Dhabi (3)
  • New Hotels in Dubai (11)
  • People (3)
  • Products (88)
  • Technology (4)
  • Travel Industry News (330)
  • الصور (5)
  • عربي (56)

Tags

Abaya American Arab ArabIsraeli Arabs Brand New Burj business Christianity city Conflict Dhabi DSF Dubai Dubai Tourism East Edition Emirates From Guide Head History Islam island Israel Life Mark Middle Middle East Muslim Palestine Peace plans Politics Product Read remainder mark Scarf Shemagh travel UAE United united arab emirates White World
©2023 Dubai Travel News | Design: Newspaperly WordPress Theme